Who We Are

Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. Mobilizing its substantial capital base and with decades of expertise to assume a leading role in all areas of Saudi finance, Riyad Bank is a leading financier and arranger of syndicated loans in the oil, petrochemicals, and most of the Kingdom’s notable infrastructure projects. We offer our customers an accessible and expanded network of more than 330 branches, which includes 81 dedicated ladies branches, and 6 self-service electronic branches. A branch in London and Offices in Houston (USA), and Singapore help us support the international banking needs of our customers.

Our internet banking services (web-based and mobile apps) use the latest electronic technologies to address the banking needs of our customers. The bank has also kept its lead in the ATMs network, as the number of multi-functional ATMs is now more than 2,700 distributed in strategic & carefully selected locations.

Riyad Bank’s investment banking arm, Riyad Capital, is a leading player in the IPO advisory business and asset management in Saudi Arabia, having won numerous investment awards in categories ranging from “best mutual performance” to “best fund manager.”

Financial Performance

Riyad Bank achieved SAR 3,049 million net income for the period ended September 30, 2016 compared to SAR 3,198 million for the same period last year, a decrease of 4.7%. Total operating income reached SAR 5,869 million for the period ended September 30, 2016 compared to SAR 6,078 for the same period last year, a decrease of 3.4%.

Financial Strength

Total assets as at September 30, 2016 reached SAR 223,472 million compared to SAR 216,975 million as at September 30, 2015, an increase of 3.0%. Customer deposits are lower by 0.2% to reach SAR 160,821 million as at September 30, 2016, against SAR 161,120 million as at September 30, 2015. Loans and Advances increased by 10.2% and stood at SAR 152,631 million against SAR 138,465 million as at September 30, 2015.

Risk Rating

The international Fitch Ratings Agency maintained the short term issuer default rating (IDR) for the Bank at ‘F-1’, whereas ‘A’ rating is maintained for long term IDR.

Capital Intelligence Agency maintained the long term credit rating for the Bank at ‘AA-’ whereas ‘A1+’ rating is maintained for short-term liabilities.

Standard & Poor’s Rating Agency lowered its short-term liability rating for Riyad Bank to ‘A-2’ and long-term liability rating to ‘BBB+’.